Steel industry news

Morgan Stanley bank experts say any import tariffs on metals or minerals are likely to lead to higher domestic prices for domestic buyers.

The best-case scenario for China's steel industry this year is that trade tariffs are not too harsh, the domestic economy continues to recover, and construction activity stabilizes or even increases.

In November, HRC steel exports continued to be gloomy, falling by 70%. Businesses are looking to the domestic market as a "support" for sales.

While many factories remain loss-making and the property sector continues to hold back demand, analysts see rising orders from state-backed manufacturing and construction activity, along with rising exports.

In just four months, there have been seven cases of countries using trade defense measures on Vietnamese steel products. This creates more risks in the context of businesses planning to increase production.

Recently, construction steel prices on the market have been continuously adjusted upward by manufacturers, in which Hoa Phat ribbed steel bars increased by 460,000 VND per ton.

Iron ore prices continued their strong rally from last week after China announced policies to facilitate home buying.

China's steel exports expected to hit eight-year high this year

The risk that steel demand in China has peaked and will decline in the coming period has a major impact on steel companies around the world.